Project update: Kilo Announces 2.0M oz Au resource estimate for Adumbi Deposit

Recent News

Nov 10, 2011
Kilo Goldmines Closes C$10.4 Million Private Placement

Nov 2, 2011
Kilo Goldmines Announces That C$10 Million Private Placement is Fully Allocated

Oct 18, 2011
Kilo Goldmines Announces Financings to Raise up to C$10 Million

Oct 13, 2011
Kilo Drilling Intersects 7.71 g/t Gold Over 12.60 metres; Defines Continuity of Canal Prospect, Somituri Project, DRC

Sep 6, 2011
Kilo to Issue Shares to Satisfy SIHU Property Payment Obligation

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Overview

Kilo Goldmines Ltd. is a gold exploration and development company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The company is actively drilling several past producing mines in the Democratic Republic of Congo (DRC). Key targets are ~200 km away from the Moto discovery (20M+ oz) and ~450km away from Banro (11M+ oz).

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Investment Highlights

  • 2.0 Million oz Au at 1.4g/t Au (0.5g/t Au cut-off) or 1.6 MMoz at 1.8g/T Au (1.0g/T Au cut-off) initial inferred mineral resource estimate for the Adumbi Deposit, Somituri Project (announced Mar. 2011)
  • Adumbi Deposit starts at surface of a hill 130m above base level (i.e. open-pittable; very low stripping ratio) and has favourable/simple CIL metallurgy
  • Experienced management team with a history of success in Africa & DRC
  • Established camp with good infrastructure
  • Strategic partnership with Rio Tinto for iron ore assets
  • Blue sky potential; large land package (+7,000 km2) of highly prospective ground in the Kibalian greenstone belt